'Shark Tank': Did Daymond John snub Create a Castle? Founders pick Shark Kendra Scott over him for $350K deal
LOS ANGELES, CALIFORNIA: Daymond John can easily be called the most risk-averse Shark on 'Shark Tank'. The FUBU founder rarely rolls out an offer; when he does, he usually closes them. So, when Kane and Lori Lane, founders of Create a Castle decided to pass up on his offer and instead picked guest Shark Kendra Scott as their investor, Daymond didn't take it very kindly.
Kane and Lori walked into the tank seeking $350,000 for a 10% stake in their sand castle mold brand. While the product failed to catch the attention of Mark Cuban, Kevin O'Leary, and even Lori Greiner, luckily for them it hit the bull's eye for guest Shark Kendra and Daymond. As a mother of six kids, Kendra instantly sensed the product's appeal and their pitch, on the other hand, when Daymond learned that the founders were looking into licensing their products and brand, his interest was piqued. So both the Sharks made an offer. Kendra made a generous offer of $350K for a 20% stake in their brand while assuring them that she would blow it up into the biggest toy brand. Daymond was a little more sharky with his offer as he demanded a 25% stake in exchange for his $350K investment.
After some deliberation, Kane and Lori decided to pick Kendra's offer. The duo explained in their green room interview that the reason they chose the guest Shark over Daymond was purely on account of her enthusiasm and genuine interest in the product. They pointed out how she was interested in the sand castle molds from the beginning of the pitch until the end and how she related it to her kids.
While Kendra and Create a Castle founders were pleased with the outcome, Daymond didn't share the same feeling. The Shark was so upset over not getting the deal that he angrily destroyed the model sand castle that the founders built for their pitch and stormed off.
'Shark Tank' Season 14 airs every Friday at 8/7c on ABC.
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